Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    49 Atwater Ave 2 Derby, CT 6418

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,800 /Mo

    Two-bedroom apartment with updated kitchen, in-unit laundry, parking.

    Type:Multi Family
    Property size:
    1,300 SF
    Added:
    Apr 21, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 21 at 12:04 am

    Property Features for 49 Atwater Ave 2

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1881

    We can help!

    Listing Contact
    Ray Foote

    Listing agent Ray Foote

    Listing office Divided Sky Realty

    Listing date Apr 21, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Divided Sky Realty

    Overview

    Spacious Apartment Near Downtown Shelton

    This spacious apartment at 49 Atwater Avenue offers over 1300 square feet of living space and includes two bedrooms. The kitchen features new granite countertops and refinished cabinetry. Hardwood floors are present throughout the rest of the apartment. For convenience, an in-unit washer and dryer are included. The property provides two off-street parking spots, along with ample on-street parking. Located off Route 8, the apartment is within walking distance to shops and restaurants and a 5-minute drive to Downtown Shelton. The location has a walk score of 65, indicating it is somewhat walkable, and a bike score of 32, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0877902
    Latitude
    41.3312738

    Nearby Similar for Lease

    • $3,500/Mo

      Restaurant Space on Derby Avenue

      Turnkey restaurant space with equipment on high-traffic Derby Avenue.
      19 Derby Ave, Derby, CT 06418
      View Details
    • $3,500/Mo

      Derby Avenue Restaurant Space Available

      Restaurant space with equipment on busy Derby Avenue.
      19 Derby Avenue, Derby, CT 06418
      View Details
    • $1,625/Mo

      Derby Apartment with On-Site Laundry

      Well-maintained 1-bedroom apartment with on-site laundry and storage.
      20 Eighth St, Derby, CT 06418
      View Details
    • $2,000/Mo

      Three-Bedroom Rental with Hardwood Floors

      Well-maintained three-bedroom rental with refinished hardwood floors and updated bathroom.
      301 Roosevelt Dr 1, Derby, CT 06418
      View Details
    • $1,350/Mo

      Main-Level Apartment Near Parks

      Main-level apartment near parks and bus line, ideal for commuters.
      227 Olivia St 1st Floor, Derby, CT 06418
      View Details
    • $2,000/Mo

      Downtown Retail Space For Lease

      Retail spaces in central downtown location with parking.
      101 Elizabeth St, Derby, CT
      View Details
    • $3,500/Mo

      Freestanding Building on High-Traffic Road

      2,000 SF building on 1 acre, suitable for many uses.
      795 Roosevelt Dr, Derby, CT
      View Details
    • $3,000/Mo

      Prime Retail Space Available

      High-traffic retail space suitable for various businesses.
      443 ROOSEVELT Drive, Derby, CT 06418
      View Details
    • Contact for pricing

      Two-Bedroom Rental with Hardwood Floors

      Well-maintained two-bedroom rental with refinished hardwood floors.
      301 Roosevelt Drive Unit 1, Derby, CT 06418
      View Details
    • Contact for pricing

      Finished Office Suite with Water Views

      2,400 SF office suite with water views available now.
      418 Roosevelt Dr, Derby, CT 06418
      View Details
    • Contact for pricing

      Retail Strip Center For Rent

      Neighborhood retail strip center with signalized entrance, Route 34.
      600 New Haven Ave, Derby, CT
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      Shopping center anchored by a grocery store, located off Route 8.
      70-78 Pershing Dr, Derby, CT 06418
      View Details

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom apartment with updated kitchen, in-unit laundry, parking.
    Where is this residential income property located?
    The property is located at 49 Atwater Ave 2 Derby, CT.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: Spacious 2‑bedroom apartment with over 1300 square feet of living space.; Includes 2 off‑street parking spots.; In‑unit washer and dryer.
    (203) 526-4943
    We can help!
    Listing Contact
    Ray Foote
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!